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The vortex flowmeter market size is forecast to increase by USD 179.7 million at a CAGR of 6.3% between 2024 and 2029.
The vortex flowmeter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The oil and gas industry segment is estimated to witness significant growth during the forecast period. In the dynamic world of industrial process control, flowmeters play a pivotal role in various sectors, including oil and gas. These instruments are indispensable in applications such as water injection, test and production separation, disposal wells, hydraulic fracturing, natural gas pipelines, and chemical injections. Among the diverse types of flowmeters, vortex flowmeters have gained significant traction due to their ability to ensure optimal flow rate in the transport of liquids and gases through pipelines. Vortex shedding, a phenomenon that occurs when a fluid flows over a bluff body, is the principle behind vortex flowmeters. In the oil and gas sector, vortex flowmeters play a crucial role in various applications, including water injection, test and production separation, disposal wells, hydraulic fracturing, natural gas pipelines, and chemical injections. These meters provide accurate measurements by detecting the frequency of vortex shedding, which is influenced by the flow rate and fluid properties.
In the oil and gas industry segment, vortex flowmeters are particularly valuable due to their robustness and reliability in harsh environmental conditions. Water treatment applications also benefit from vortex flowmeters, as they provide precise flow measurements for processes such as wastewater treatment and water distribution. This trend is particularly noticeable in the power generation sector, where natural gas is replacing coal-fired plants. In power generation, these meters are essential for monitoring and controlling the flow of fluids in thermal and hydroelectric power plants. Industrial automation and process control systems rely on vortex flowmeters for efficient flow management and regulation. Furthermore, vortex flowmeters are utilized in various industries, including food and beverage, chemical processing, and pharmaceuticals, to ensure the accurate measurement and control of fluid flow.
The Oil and gas industry segment was valued at USD 94.20 million in 2019 and showed a gradual increase during the forecast period. The market for vortex flow meters is expected to continue growing due to increasing demand for smart metering solutions and the need for flow meter calibration services. In the context of flow optimization, these meters enable cost savings by reducing energy consumption and minimizing waste. Magnetic flowmeters and ultrasonic flowmeters are alternative technologies, but vortex flowmeters offer advantages such as a wider flow range, lower installation costs, and ease of maintenance. Additionally, vortex flowmeters provide flow validation capabilities, ensuring the accuracy and reliability of flow measurements. Vortex flowmeters are a crucial component in various industries, including oil and gas, water treatment, power generation, and industrial automation, due to their ability to accurately measure and control fluid flow. Their robustness and reliability make them an ideal choice for harsh industrial environments.
Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The European oil and gas industry is witnessing significant growth due to the increasing number of pipeline projects aimed at supplying natural gas. This expansion in midstream and downstream projects will increase natural gas consumption in Europe, as the region transitions from coal-based power generation to natural gas. Furthermore, safety concerns following accidents at natural gas plants have highlighted the importance of advanced flow measurement technologies in ensuring safe operations. Consequently, industrial operators are adopting electronic flow measurement devices, such as vortex flowmeters, to meet the safety integrity levels required during production. The expansion of oil terminals globally, which serve as storage centers and transportation hubs for crude oil and petroleum products, drives the demand for vortex flowmeters and fluid handling systems in the mid-stream and downstream sectors of the oil and gas industry. Vortex flowmeters, including vortex shedding sensors, are increasingly being used for flow measurement in various industries, including oil and gas, water treatment, power generation, and chemical processing.
These devices offer advantages such as high accuracy, reliability, and flexibility in measuring flow rates across a wide range. In addition, they are suitable for measuring both liquid and gas flows, making them a popular choice for industries dealing with fluid flow. Moreover, the adoption of vortex flowmeters is not limited to the oil and gas sector. They are also used in industries like food and beverage, where flow measurement is crucial for process control and optimization. The integration of vortex flowmeters into industrial automation systems enables real-time flow monitoring, analysis, and regulation, leading to improved flow efficiency and cost savings.
In the context of power generation, vortex flowmeters are used for flow measurement in gas turbines, ensuring optimal performance and efficiency. They are also employed in flow validation processes to ensure accurate and consistent flow data for calibration and maintenance purposes. In summary, the increasing demand for natural gas in Europe, coupled with the need for safety and efficiency, is driving the adoption of advanced flow measurement technologies like vortex flowmeters across various industries. These devices offer advantages such as high accuracy, reliability, and flexibility, making them an essential component of industrial flow management and optimization.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The vortex flowmeter market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the vortex flowmeter market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, vortex flowmeter market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The company offers VortexMaster FSV430, a versatile metering solution for volume flow applications, available in both flange-mount and wafer-type designs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market continues to evolve, driven by the diverse applications across various sectors such as power generation, industrial automation, and flow cost optimization in industries like oil and gas, water treatment, and food and beverage. Vortex shedding technology, a key component of vortex flowmeters, plays a crucial role in ensuring flow integrity and reliability. These meters measure the flow rate of liquids and gases by detecting the frequency of vortex shedding, which occurs when a fluid flows through a constriction. Vortex flowmeters offer advantages such as high accuracy, repeatability, and stability, making them a preferred choice for flow measurement and regulation in power generation and industrial automation applications.
The Vortex Flowmeter Market is growing as industries seek precise measurement solutions for gas flow and liquid flow applications. Advanced vortex sensors enhance flow detection and flow control, ensuring efficiency. Compared to traditional methods like turbine flowmeters and variable area flowmeters, vortex technology offers greater accuracy. Competing instruments such as magnetic flowmeters, ultrasonic flowmeters, differential pressure flowmeters, mass flowmeters, and Coriolis flowmeters cater to diverse needs. Integrating flow transmitters, flow switches, and flow indicators optimizes monitoring systems. Regular flow calibration improves flow accuracy, ensuring flow repeatability and flow stability. As industries expand, technological advancements and increasing adoption are driving innovation in the Vortex Flowmeter Market for enhanced measurement precision.
The Vortex Flowmeter Market is advancing rapidly with innovations in flowmeter selection, flowmeter installation, and flowmeter maintenance to enhance operational efficiency. Regular flowmeter calibration and effective flowmeter troubleshooting ensure accurate measurements, while emerging flowmeter trends drive industry evolution. Compliance with flowmeter certifications strengthens credibility among flowmeter suppliers, influencing flowmeter pricing and boosting flowmeter cost-benefit analysis for optimal flowmeter ROI. Advanced flowmeter data logging enables real-time insights, supporting flowmeter integration, flowmeter automation, and flowmeter remote monitoring capabilities. Enhanced flowmeter control systems, flowmeter software, flowmeter simulation, and flowmeter modeling refine performance. As demand grows, technological advancements continue to shape this market, ensuring precision and efficiency across diverse applications.
The technology's ability to measure mass flow, density, and temperature makes it suitable for use in various industries, including oil and gas, water treatment, and chemical processing. Vortex flowmeters are also used for flow optimization and monitoring in applications like flow data analysis and calibration. The technology's versatility and adaptability enable it to cater to a wide flow range, from low to high flow rates, making it a valuable asset in various industries. Furthermore, vortex flowmeters ensure flow safety by providing real-time flow data, enabling operators to maintain optimal flow conditions and prevent potential hazards. The technology's reliability and efficiency contribute to cost savings and improved process control, making it an essential tool for flow management and regulation. The market's continuous dynamism is reflected in its applications across various sectors, including power generation, industrial automation, oil and gas, water treatment, and food and beverage industries. The technology's ability to ensure flow integrity, reliability, and cost savings makes it a valuable asset for flow measurement, optimization, and regulation.
Dive into Technavio's strong research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Vortex Flowmeter Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
238 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.3% |
Market growth 2025-2029 |
USD 179.7 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
5.8 |
Key countries |
US, China, Germany, UK, Japan, France, Canada, India, Brazil, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by End-user
9 Market Segmentation by Type
10 Market Segmentation by Application
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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